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Bumi Armada Raises $890 Million in IPO

By

Ankur Relia And

P.R. Venkat

Updated July 10, 2011 11:28 a.m. ET

KUALA LUMPUR—Malaysia's Bumi Armada Bhd. raised 2.66 billion ringgit ($890 million) from the country's largest initial public offering this year, after pricing shares in the middle of its indicated range.

The IPO for the oil and gas services company priced at 3.03 ringgit a share, within its predicted price range of 2.80 ringgit to 3.15 ringgit,...